CSRC mulls international board

Updated: 2010-11-29 13:28

By Hao Yan (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

China Securities Regulatory Commission (CSRC) is considering launching an international board on the mainland stock exchanges, Shanghai Securities News reported Monday citing the commission's Vice-Chairman Yao Gang.

CSRC mulls international boardLaboring for US citizenship
Related readings:
CSRC mulls international board What is the Shanghai International Board?
CSRC mulls international board No timetable for the international board yet
The board is crucial for Chinese mainland stock exchanges to go international, and the process is accelerating, the newspaper reported quoting Yao as saying on a forum on Nov 27.

The international board admits foreign companies and overseas registered companies to issue yuan-denominated stocks on mainland exchanges.

Some major legal questions must be tackled before the launch of the board, as the 2006 amendment of the company law and securities law does not cover foreign companies, or overseas registered companies. A series of laws are needed to regulate these new businesses, said Yao.

Paper's Digest

China bags Asiad team tennis title after 24 yrs

Wimbledon semifinalist Li Na led host China to capture the team tennis title on Tuesday at the Asian Games, accomplishing her Asiad tour with three consecutive victories.

China rate rises no panacea to curb inflation: PBOC adviser

European Edition


Safeguarding environment a priority

China continues to face mounting pressure to curb environmental degradation, despite progress in reducing pollution over the last five years, the environmental protection minister warned.

Employment to remain a continuing challenge

China's top labor official said the country will face a tough employment situation in the next five years.

Russian possessed with TCM

Born into a family of doctors, Maxime became interested in Traditional Chinese Medicine (TCM) at the age of 12, after hearing about TCM theories such as health preservation and recuperation.

Mounting inflation pressure tests policy makers
Chinese vice president to visit four nations
Chinese, Russian presidents meet in Seoul on co-op